True or false. The U shape of the long-run ATC curve is the result of diminishing returns.
Question:
True or false. The U shape of the long-run ATC curve is the result of diminishing returns.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
False The longrun ATC curves U shape cannot be explained by diminishing returns That is because ...View the full answer
Answered By
Shubhradeep Maity
I am an experienced and talented freelance writer passionate about creating high-quality content. I have over five years of experience working in the field and have collaborated with several renowned companies and clients in the SaaS industry.
At Herman LLC, an online collective of writers, I generated 1,000+ views on my content and created journal content for 100+ clients on finance topics. My efforts led to a 60% increase in customer engagement for finance clients through revamping website pages and email interaction.
Previously, at Gerhold, a data management platform using blockchain, I wrote and published over 50 articles on topics such as Business Finance, Scalability, and Financial Security. I managed four writing projects concurrently and increased the average salary per page from $4 to $7 in three months.
In my previous role at Bernier, I created content for 40+ clients within the finance industry, increasing sales by up to 40%.
I am an accomplished writer with a track record of delivering high-quality content on time and within budget. I am dedicated to helping my clients achieve their goals and providing exceptional results.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Microeconomics Principles, Problems and Policies
ISBN: 978-1259450242
20th edition
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
Question Posted:
Students also viewed these Business questions
-
True or False: Economists are unanimous that foreign aid greatly helps DVCs.
-
The problems in this problem set refer to the following game matrices. In each case, Jack chooses left or right and Jill chooses up or down. The outcomes show how many buckets of water are rewarded....
-
A: Suppose you have a homothetic production technology and you face input prices (w,r). (a) On a graph with labor on the horizontal and capital k on the vertical axis, illustrate a ray along which...
-
A psychologist conducts an experiment on rats. She puts a rat in a cage having three rooms labeled 1, 2, and 3, as shown in Figure below. L Figure: a cage with 3 rooms and 5 doors. The rats are...
-
Write a research paper on a subject of your choosing that is related to Business Intelligence. Integrate what you have learned from the course resources into your document. As you consider the topic...
-
On January 1, 2011, Devco acquired cum div. all the shares of Brooke, at which date the equity and liability sections of Brookes statement of financial position showed the following balances: Share...
-
A test car is traveling along a level road at \(88 \mathrm{~km} / \mathrm{hr}\). In order to study the acceleration characteristics of a newly installed engine, the car accelerates at its maximum...
-
On October 5, Loomis Company buys merchandise on account from Brooke Company. The selling price of the goods is $5,000, and the cost to Brooke Company is $3,100. On October 8, Loomis returns...
-
Give the name of the case at 555 U.S. 223 (2009). b. Briefly describe the general topic of this case. c. What was the holding in this case? d. What was the "vote" in this case? 5. Locate and review...
-
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
-
How do the environmental problems associated with the use of synfuels compare to those of coal, oil, and natural gas?
-
When 3-bromo-2, 4-dimethylpentane is treated with sodium hydroxide, only one alkene is formed. Draw the product and explain why this reaction has only one regiochemical outcome.
-
Which of the following is not a safeguard to independence? (1) A qualified, independent audit committee. (2) Firm policies that limit direct communication between junior staff and the clients senior...
-
Administered prices are peculiar to ____________ .
-
For an \(N \times N\) square matrix \(\mathbf{A}\), in \((N-1)\) steps, the technique of Gauss elimination can transform into an ___________ matrix.
-
Balanced three-phase systems with positive sequence do not have zerosequence and negative-sequence components. (a) True (b) False
-
According to the theory of the kinked demand curve, if a firm were to raise its price, its competitors would _______. a) lower theirs b) raise theirs c) keep theirs the same
-
In a \(\Delta\)-connected three-phase system, line currents have no zero-sequence component. (a) True (b) False
-
Prove, without graphing, that the graph of the function has at least two x-intercepts in the specified interval. y = x? 3 + 1/x, (0, 2)
-
Access the Federation of Tax Administrators Internet site at www. taxadmin.org/state-tax-forms and indicate the titles of the following state tax forms and publications: a. Minnesota Form M-100 b....
-
Consider the following game, played by Player 1 (P1) and Player 2 (P2). a. Use induction to find the equilibrium in this game. b. Suppose that Player 2 wishes to change the outcome of the game to one...
-
Jawbats produces wooden baseball bats used by professional athletes. Jawbatss short-run production function is given by Q= 2L 0.5 . The associated marginal product of labor is MP L = 1/L 0.5 . a. If...
-
Consider Tessa, from Tessas Techs, as given in Problem 1. Tessa is struggling to find workers in a tight labor market. a. Suppose that the struggle to find qualified workers is due to Tessas location...
-
Diaz Company issued $91,000 face value of bonds on January 1, Year 1. The bonds had a 9 percent stated rate of interest and a ten- year term. Interest is paid in cash annually, beginning December 31,...
-
Manvir had to make payments of $1,125 every 6 months to settle a $22,000 loan that he received at 4.52% compounded semi-annually. a. How long did it take to settle the loan?
-
If I invest a single amount of $14,000 in an account earning 8% p.a. compounding quarterly for 5 years, how much interest will I have earned in those 5 years?
Study smarter with the SolutionInn App